Council_Minutes_1980_05_27 - Laserfiche WebLink

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MOUNDS VIEW CITY COUNCIL Regular Meeting May 27, 1980 PAGE 2 Neil Loeding, 5046 Longview Drive, stated there were no copies of the May 12th meeting available for him to read. Council member Ziebarth gave Mr. Loeding a copy. Ernie Gustafson, 2525 County Road I, expressed concern regarding the high speed traffic on County Road I from Highway 10 to Quincy. He asked Council to consider adding a blacktop strip for a pedestrian walkway, to make it a no parking area, and to reduce the speed limit. Mayo^McCarty directed Clerk- Administrator Ander- son to inform the police chief of this situation and also directed Official Rose to get information to Mr. Gustafson on the proposed sidewalks for this road. The regular meeting closed for the public hearing. The public hearing opened at 8:04 P.M. 6. PUBLIC HEARING -TAX EXEMPT MORTGAGE FOR WOLF AND ASSOCIATES, INC. Mayor McCarty informed the audience that a tax exempt mortgage is allowable by law to the developer from the city. This gives the developer a lower cost mortgage but there is no monetary obligation on the part of the city. The tax levy, also, may not be used to pay off this mortgage should the development fail. The Mayor encouraged remarks regarding this request from the audience. There were no remarks from the audience, Staff, or Councilmembers. The public hearing closed at 8:OG P.M. The regular meeting re- opened at 8:06 F.M. Mayor McCarty reported that Wolf and Associates had provided their balance sheets (dated March, 1980)for his review. According to Dave Novack, Sec. /Treasurer for Wolf and Associates, the records are audited on a monthly basis, but are not certified until the end of their fiscal year. Rowley made a motion to approve the tax exempt status for Wolf and Associates, Res. #1115. The motion was seconded by Ziebarth. 3 -ayes The motion was carried. 2 -nays (Forslund, McCarty) 5. RESIDENTS REQUESTS AND COMMENTS FROM THE FLOOR (MOTION CARRIES)